Teachers Advisors LLC decreased its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 6.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 116,800 shares of the bank’s stock after selling 8,309 shares during the period. Teachers Advisors LLC owned about 0.18% of First Financial Bankshares worth $5,163,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. grew its position in shares of First Financial Bankshares by 61.3% in the first quarter. UBS Asset Management Americas Inc. now owns 105,103 shares of the bank’s stock valued at $4,215,000 after purchasing an additional 39,923 shares during the period. Karp Capital Management Corp acquired a new stake in shares of First Financial Bankshares in the first quarter valued at about $605,000. Parametric Portfolio Associates LLC grew its position in shares of First Financial Bankshares by 11.8% in the first quarter. Parametric Portfolio Associates LLC now owns 53,617 shares of the bank’s stock valued at $2,150,000 after purchasing an additional 5,641 shares during the period. Oxford Asset Management acquired a new stake in shares of First Financial Bankshares in the first quarter valued at about $358,000. Finally, Mason Street Advisors LLC grew its position in shares of First Financial Bankshares by 7.1% in the first quarter. Mason Street Advisors LLC now owns 15,463 shares of the bank’s stock valued at $620,000 after purchasing an additional 1,027 shares during the period. 50.12% of the stock is owned by institutional investors.

Shares of First Financial Bankshares, Inc. (FFIN) opened at 45.80 on Wednesday. First Financial Bankshares, Inc. has a 12 month low of $35.05 and a 12 month high of $46.70. The stock has a 50 day moving average of $41.87 and a 200 day moving average of $41.16. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 28.24 and a beta of 1.38.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The business had revenue of $82.25 million during the quarter, compared to the consensus estimate of $87.11 million. First Financial Bankshares had a net margin of 33.03% and a return on equity of 12.41%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 EPS. On average, equities research analysts expect that First Financial Bankshares, Inc. will post $1.70 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were issued a $0.19 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.66%. First Financial Bankshares’s dividend payout ratio is presently 46.91%.

First Financial Bankshares declared that its Board of Directors has initiated a share buyback plan on Tuesday, July 25th that authorizes the company to repurchase 2,000,000 shares. This repurchase authorization authorizes the bank to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

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FFIN has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of First Financial Bankshares from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Thursday, September 7th. Piper Jaffray Companies reiterated a “hold” rating and issued a $41.00 target price on shares of First Financial Bankshares in a research report on Friday, September 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $39.00 target price on shares of First Financial Bankshares in a research report on Tuesday, October 3rd. BidaskClub lowered shares of First Financial Bankshares from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, Stephens set a $39.00 target price on shares of First Financial Bankshares and gave the company a “hold” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.00.

First Financial Bankshares Profile

First Financial Bankshares, Inc is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. As of December 31, 2016, the Company’s subsidiaries included First Financial Bank, National Association, Abilene, Texas; First Technology Services, Inc, Abilene, Texas; First Financial Trust & Asset Management Company, National Association, Abilene, Texas; First Financial Investments, Inc, Abilene, Texas, and First Financial Insurance Agency, Inc, Abilene, Texas.

Institutional Ownership by Quarter for First Financial Bankshares (NASDAQ:FFIN)

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